Natixis Advisors LLC Has $42.26 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Natixis Advisors LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 42.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,765 shares of the financial services provider's stock after selling 68,244 shares during the period. Natixis Advisors LLC owned approximately 0.39% of Kinsale Capital Group worth $42,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group during the first quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Kinsale Capital Group during the 3rd quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont grew its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock worth $36,000 after acquiring an additional 50 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

KNSL stock traded down $2.45 during trading on Monday, hitting $462.79. 148,498 shares of the company's stock traded hands, compared to its average volume of 173,851. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The stock has a fifty day moving average price of $458.34 and a two-hundred day moving average price of $429.44. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million for the quarter, compared to analysts' expectations of $359.43 million. During the same quarter last year, the company earned $3.31 EPS. Kinsale Capital Group's quarterly revenue was up 33.0% on a year-over-year basis. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Friday, November 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.42%.

Analysts Set New Price Targets

Several research firms recently issued reports on KNSL. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective on the stock in a research report on Monday, October 28th. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada cut their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Finally, Truist Financial cut their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and an average price target of $455.88.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.